“Competing head-to-head against global payments companies using devices manufactured in China in the fast-growing Mobile Point-of-Sale market, the entire Ezetap solution from its card reader to service platform has been 100 per cent designed and developed in India,” co-founder and CEO of Bengaluru-based Ezetap, Abhijit Bose said in statement.
More than 80 per cent electronic devices required in the country are imported. The government now offers hosts of incentive scheme and new policy to promote domestic production of electronics goods.
As reported by PTI, the solution comprises a card reader that can be plugged into any smart device or feature phone, and then converted into a point of sale.
Bose claimed that the solution is a globally certified mobile point solution, which sells at nearly one-third the cost of any other authorised integrated mobile card reader available for commercial usage. The device is approved against global security standards and conforms to the guidelines issued by the Reserve Bank of India.